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IGO.A Intergold Ltd

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Share Name Share Symbol Market Type
Intergold Ltd TSXV:IGO.A TSX Venture Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Visant Corporation and Intergold Ltd. Jointly Announce Mailing of Offer Documents In Connection with Visant’s Offer to Purchase

16/03/2010 9:20pm

Marketwired Canada


Visant Corporation ("Visant") and Intergold Ltd. ("Intergold") (TSX
VENTURE:IGO.A) jointly announce that the offer to purchase and take-over bid
circular (the "Offer") and other related documents associated with Visant's
previously announced cash offer to acquire all of the issued and outstanding
common shares of Intergold have been mailed to Intergold shareholders and are
available on SEDAR (www.sedar.com). The Offer is being made through Intergold
Acquisition Corp., a newly incorporated, wholly owned subsidiary of Visant's
Jostens, Inc. subsidiary. 


Under the Offer, depositing Intergold shareholders whose common shares have been
taken up under the Offer will receive $0.16 (Cdn) in cash per Intergold common
share. The Offer will be open for acceptance until 4:30 p.m. (Calgary time) on
April 21, 2010, unless extended or withdrawn. The Offer will be funded through
cash on hand and Visant's existing revolving credit facilities.


The Board of Directors of Intergold (the "Intergold Board") has unanimously
approved the Offer and concluded that the transaction is in the best interests
of Intergold and its shareholders. The Intergold Board unanimously recommended
that the Intergold shareholders tender their common shares in acceptance of the
Offer. The Directors' Circular was included in the mailing and is also available
on SEDAR.


The Offer is subject to certain customary conditions, including its acceptance
by the holders of at least two-thirds of the outstanding common shares of
Intergold, and customary regulatory approvals.


The Depositary for the Offer is ComputerShare Investors Services Inc and
ComputerShare may be contacted toll-free for calls made within North America at
1-800-564-6253, or for calls made outside North America at 1-514-982-7555.


Intergold's common shares are listed on the TSX Venture Exchange under the
symbol IGO.A.


FORWARD LOOKING STATEMENTS

Certain statements in this press release may contain "forward-looking
statements." Forward-looking statements are based on the current expectations or
forecasts of future events by management of Visant or Intergold. In particular,
this news release contains forward-looking statements with respect to, among
other things, the satisfaction of the conditions to the Offer, including
acceptance by Intergold shareholders of the Offer; and the completion of the
Offer. These statements involve known and unknown risks, uncertainties and other
factors that may cause actual results or events to differ materially from those
anticipated in such forward-looking statements. These statements are based on
respective company management's current expectations as of the date made and no
assurance can be given that such expectations will prove correct. Readers are
cautioned not to place undue reliance on these forward-looking statements and
are encouraged to read the full cautionary statements in Visant Corporation's or
Intergold Ltd.'s public disclosure filings. All forward-looking statements speak
only as of the date they are made and Visant and Intergold disclaim any
obligation to publicly update or revise any of the forward-looking statements in
light of new information, future events or otherwise, except as required by law.


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